Among the macroeconomic indicators, the total retail sales of consumer goods are generally used to measure the domestic situation in the statistical period.
The total retail sales of consumer goods can be divided into two categories: commodity retail and catering income. Geographically, it is divided into retail sales of urban consumer goods and rural retail sales of consumer goods.
In terms of consumption level, it is divided into basic living commodities and upgraded commodities, the former including clothing, shoes and hats, knitted textiles, grains and oils, food, etc., and the latter including gold, silver and jewelry, sports, recreational goods, communication equipment, etc.
Some netizens will ask, will the goods I buy online be counted in the total retail sales of consumer goods? In recent years, online retail goods have been listed separately, among which the online retail sales of physical goods are relatively large.
Judging from the data in 2023, the specific values and growth of the above-mentioned indicators are as follows:
The total retail sales of consumer goods 471495 billion yuan, an increase of 7 over the previous year2%。According to the location of business units, the retail sales of urban consumer goods were 40,749 billion yuan, an increase of 7.0 percent1%；The retail sales of rural consumer goods were 6,400.5 billion yuan, an increase of 80%。According to the type of consumption, the retail sales of goods 418605 billion yuan, an increase of 5.%.8%；catering revenue was 5,289 billion yuan, an increase of 204%。The national online retail sales were 154264 billion yuan, an increase of 11 percent over the previous year0%。Among them, the online retail sales of physical goods 130174 billion yuan, an increase of 84%。”
This is background knowledge about the total retail sales of consumer goods.
To a certain extent, the total retail sales of consumer goods are still a reflection of consumption power. In the past few decades, what is the proportion of China's consumption in value creation? We can get the answer from the GDP data of the expenditure method, or we can directly look at the proportion of total retail sales of consumer goods in GDP.
Since 1978, the total retail sales of consumer goods and their share of GDP are distributed as shown in the figure below.
Compared with 2019, the total retail sales of consumer goods in 2020 will be about 1The decline of 6 trillion yuan, in the rest of the years since 1978, has basically shown a trend of increasing year by year.
In terms of the proportion of total retail sales of consumer goods in GDP, the lowest value appeared in 2007, accounting for 336 per cent, with the highest value in 1988 at 49 per cent.
In the past five years, the share of social zero in GDP has fluctuated around 38%, of which the proportion in 2023 is 375 percent, an increase of 1 percentage point over the previous year.
Whether this percentage is high or low needs to be compared with other countries to know. However, based on the GDP data of the expenditure method, we know that the proportion of China's residents' consumption in value creation is low, that is, there is more labor and less consumption.